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LEASE (Tables)
 6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
SCHEDULE OF DETAILS OF LEASE TERM

The details lease terms are shown as followings:

 

Lease agreement  Expiry Date  Original
Lease Term		  The Remaining
Lease Term
1st Changsha office rent, related party  Dec 31, 2024  2 years  0.5 year
2nd Beijing office rent, related party  Dec 31, 2024  1 year  0.5 year
3rd Changsha office rent, related party  Aug 1, 2024  1 year  0.16year
SCHEDULE OF LEASE EXPENSE AND SUPPLEMENTAL ASH FLOW INFORMATION RELATED TO LEASES

The components of lease expense and supplemental cash flow information related to leases are as following:

 

   2024   2023 
   Six months ended June 30, 
   2024   2023 
     
Leases Cost (included in general and administration in the Company’s unaudited condensed statement of operations)          
Amortization of right-of-use assets  $

12,911

   $

86,873

 
Interest of operating lease liabilities   

365

    

849

 
Total lease cost  $13,276   $87,722 
           
Other Information          
Cash paid for the amounts included in the measurement of lease liabilities  $-   $90,275 
Weighted average remaining lease term (in years)   0.75    0.42- 
Average discount rate – operating leases   4.35%   4.35%
SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES

The supplemental balance sheet information related to leases is as following:

 

   June 30, 2024   December 31, 2023 
    (Unaudited)    (Audited) 
Leases          
Right-of-use assets,  $10,663   $21,603 
Total Right-of-use assets  $10,663   $21,603 
           
Lease liabilities - current portion  $11,489   $21,603 
Total lease liabilities  $11,489   $21,603 
SCHEDULE OF MATURITIES OF LEASE LIABILITIES

Maturities of the Company’s lease liabilities are as following:

 

Period ending June 30,    
2024  $11,624 
2025   - 
Total lease payments   11,624 
Less: Imputed interest/present value discount   (135)
Present value of lease liabilities  $11,489 
The total future minimum lease payments under the non-cancellable operating lease with respect to the office as of June 30, 2024 are payable as follows:

The total future minimum lease payments under the non-cancellable operating lease with respect to the office as of June 30, 2024 are payable as follows:

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER THE NON-CANCELLABLE OPERATING LEASE 

 

      
   Lease Commitment 
Within 1 year   12,587 
Total   12,587